The following table presents the long-term liabilities andstockholdersâ equity of Information Control Corp. one year ago.
|Common stock ($1 parvalue)||16,700,000|
During the past year, Information Control issued 11.7 millionshares of new stock at a total price of $61.4 million, and issued$36.7 million in new long-term debt. The company generated $12.4million in net income and paid $3.7 million in dividends.
Prepare the current balance sheet reflecting the changes thatoccurred at Information Control Corp. during the year. (Donot round intermediate calculations. Enter your answers in dollars,not millions of dollars (e.g., 1,234,567).)
|Total long-term debt|
|Total Liabilities& Equity|
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